In India, there are 5 mandatory Board level committees – Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee. Management is involved in the day-to-day functioning of a company.
In India, there are 5 mandatory Board level committees – Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee. Management is involved in the day-to-day functioning of a company.
Board of Directors
The Desirable Corporate Governance Code by CII (1998) for the first time introduced the concept of independent directors for listed companies and compe… Audit Committee
The audit committee’s role flows directly from the board’s oversight function and delegation to various committees. It acts as an oversight body for transparen… Subsidiary Companies
The rationale behind having separate provisions with respect to subsidiary companies in the Revised Clause 49 was the need for the board of the holding com… Role of Institutional Investors
Fast growing countries like India have attracted large shareholding by international investors and large Indian financial institutions with global ambitions. This has … Stakeholders Relationship Committee
As one of its mandatory recommendations, the Kumar Mangalam Birla Committee propounded the need to form a board committee under the chai… Risk Management
The Kumar Mangalam Birla Committee report included mandatory Management Discussion & Analysis segment of annual report that includes di… Ethics
A code of conduct creates a set of rules that become a standard for all those who participate in the group and exists for the express purpose of demonstrati… Executive Remuneration
The overriding principle in respect of directors’ remuneration is that of openness and shareholders are entitled to a full and clear statement of bene… Directors’ Responsibility Statement
To promote better disclosures and transparency, the 2013 Act, requires the company’s Annual Report to include a Director’s Responsibility Statement statin…
Indian parliamentary committees
The Parliamentary committees are established to study and deal with various matters that cannot be directly handled by the legislature due to their volume.
They also monitor the functioning of the executive branch.
Local government in India
A municipal corporation is a
type of local government in India that administers urban areas with a population of more than one million.
The growing population and urbanization of various Indian cities highlighted the need for a type of local governing body that could provide services such as healthcare, education, housing and transport by collecting property taxes and administering grants from the state government.
